Physician practice performance suffered during the 2020 pandemic year
Recent research shows that volatility driven by COVID-19 rocked physician practices throughout 2020, but there were signs of recovery toward the end of the year.
From chaos to unity: 6 steps for building a compensation plan for employed physicians
When acquiring physician practices, health systems often develop employment arrangements on a case-by-case basis, leading to challenges due to the inconsistencies of multiple arrangements. A large physician practice’s effort to standardize its approach to compensating its employed physicians offer a case example of how to effectively address this problem.
National Academy of Medicine paper explores transformation opportunities for health systems
Authored by leaders of four large health systems and two hospital associations, a new paper examines priorities for healthcare transformation from the perspective of care delivery organizations.
NFP hospital profitability plummeted in 2020 despite expense mitigation strategies, Moody’s reports
Profits were down in the not-for-profit and public healthcare sector in FY20, but management strategies helped to increase liquidity amid the COVID-19 pandemic.
Before pursuing a healthcare merger, you need to understand the process
The drivers of today’s mergers and acquisitions differ significantly from what was driving M&A activity 20 years ago, says Anu Singh, managing director with Kaufman, Hall & Associates LLC. Read Singh’s insights into the key factors that will determine the M&A success in the post-COVID-19 world.
How revenue cycle teams can maintain effective patient financial services in a distanced world
Amid the challenging times of COVD-19, it is critical for revenue cycle leaders to educate themselves about best practices either created or refined during the pandemic to effectively promote patient financial engagement in today’s world of social distancing.
How Scripps Health used demand modeling to prepare for the pandemic’s uncertainties
Two executives from San Diego-based Scripps Heath discuss how the health system has employed emerging demand modeling techniques to realize the full power of rolling forecasting during the unprecedented times of the COVID-19 pandemic.
Healthcare’s financial recovery after COVID-19 depends on data and evidence
One of the greatest cost-savings opportunities for hospitals and health systems lies in controlling variation in costs for surgical procedures, a key area of focus for such an effort is the supply costs for such procedures.
Health system leaders share top approaches for success under value-based payment
Three health system executives discuss the key factors that have contributed to their organizations’ long-standing success with value-based payment models.
Rising risk due to COVID-19 requires a nimble response from health systems
The factors that define risk in healthcare have markedly changed with the pandemic, creating a need for healthcare executives to evaluate and update existing strategies and operations to address emerging areas of risk that previously had not commanded their attention.